Student loan debt is a burden for many. Various repayment plans and tax-free public service loan forgiveness (PSLF) can help. Unfortunately, PSLF involves a maze of rules that can be challenging to navigate and often fail to result in loan forgiveness. The good news is that the limited PSLF waiver, available through October 31, 2022, counts prior ineligible payments made after October 1, 2007 as qualifying payments without regard to the selected repayment plan or if the payment was made in full or on time.
Note that the deadline to apply for the waiver is fast approaching — October 31, 2022. Several of our clients who were previously rejected through the PSLF program have now successfully had their loans forgiven using this limited waiver.